ECB confirms rate increase

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Series Details 2.12.05
Publication Date 02/12/2005
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The European Central Bank increased interest rates for the first time in 5 years when it met on 1 December 2005. There had been widespread concerns before the announcement that the quarter-point increase could damage Europe's fragile economic recovery.
Related Links
BBC News, 1.12.05, ECB ignores fears to raise rates http://news.bbc.co.uk/1/hi/business/4488550.stm
European Central Bank: Press Release, 1.12.05: Monetary policy decisions http://www.ecb.int/press/pr/date/2005/html/pr051201.en.html
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